Reference no: EM13735396
Agreement and disagreement among economists
Suppose that Charles, an economist from an AM talk radio program, and Dina, an economist from a university in Massachusetts, are arguing over government intervention. The following dialogue shows an excerpt from their debate:
Dina: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate.
Charles: I feel that government involvement in the economy should be reduced because government programs cause more harm than good.
Dina: While I do agree that government programs can be inefficient, I really think they are necessary to help the less fortunate.
The disagreement between these economists is most likely due to (differences in values / differences in perception versus reality / differences in scientific judgements) .
Despite their differences, with which proposition are two economists chosen at random most likely to agree? (ONLY ONE OF THE THREE)
- Lawyers make up an excessive percentage of elected officials.
- Tariffs and import quotas generally reduce economic welfare.
- Minimum wage laws do more to harm low-skilled workers than help them.
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What did the author want to accomplish or prove
: Time of book-year, century, and era. Author's name and any information about his credentials. What did the author want to accomplish or prove?
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Supply chain management as a value driver
: A successful supply chain strategy includes good design and implementation. However, supply chain strategy is not considered truly successful until there is a measurable contribution to the bottom line.
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Associated with a smoother adjustment process
: Intra-industry trade may be associated with a smoother adjustment process than inter-industry trade because
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Reinert maintains that evidence is that north-south trade
: Reinert maintains that the evidence is that North-South trade has a _______ negative impact on the wages of Northern unskilled workers, and that protectionism ___________ a reasonable response.
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Agreement and disagreement among economists
: Suppose that Charles, an economist from an AM talk radio program, and Dina, an economist from a university in Massachusetts, are arguing over government intervention. The following dialogue shows an excerpt from their debate:
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What is opportunity cost of cheese in france
: What is opportunity cost of cheese in France at 2 kilograms to Germany 1 kilogram? Which country France or Germany has comparative advantage in cars at France .25 and Germany .50 output per hours worked? And cheese France 2 kilograms, Germany 1 kilog..
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Smoking cigarettes is a leading cause of many diseases
: Smoking cigarettes is a leading cause of many diseases. The government has opened several public clinics that treat smoking-related diseases and is trying to decide how to fund these clinics. 2.2. Another suggestion is to get the funds for the public..
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Why was alexander considerd great in anccient times
: Why was Alexander considerd "great" in anccient times?
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What is the elesticity of demand for soda
: Suppose the monthly demand for soda by a consumer is given by Q=10 - 8P . A/ If the price of soda is $1 per can, how many sodas will the consumer purchase in a typical month? B/ what is the elesticity of demand for soda?
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